Analyst Presentation FY17 Results 28 February 2018 Agenda 1. Key - - PowerPoint PPT Presentation
CIMB Group Analyst Presentation FY17 Results 28 February 2018 Agenda 1. Key Highlights 2. CIMB Group FY17 Financials 3. PBT by Segment 3.1 Regional Consumer Banking 3.2 Regional Commercial Banking 3.3 Regional Wholesale Banking 3.4 Group
28 February 2018
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3.1 Regional Consumer Banking 3.2 Regional Commercial Banking 3.3 Regional Wholesale Banking 3.4 Group Asset Management & Investments 3.5 Group Funding 3.6 CIMB Islamic 4. T18 Updates 5. Other Highlights 6. Final Remarks
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Net Profit Deposits Gross Loans * Loan Impairment Overhead Expenses Operating Income
Notes: * Excluding bad bank
+9.7% Y-o-Y +2.1% Q-o-Q +0.2% Y-o-Y
+5.5% Y-o-Y +5.6% Y-o-Y +1.8% Q-o-Q
+25.6% Y-o-Y
(RM ‘mil) (RM ‘mil) (RM ‘mil) (RM ‘mil) (RM ‘bil) (RM ‘bil)
+0.8% Q-o-Q
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ROE CET 1 Loan Loss Charge LD CI NIM
+130bps Y-o-Y
Flat
+90bps Y-o-Y +20bps Q-o-Q
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ASEAN Local Currency Bonds
(USD ’mil)
Islamic PBT
PBT growth driven by Islamic First Strategy and expansion of fee- based income contribution to revenue (22.7% to 25.4%)
Consumer PBT Growth
RM ‘mil
Consumer Thailand PBT
THB ‘mil
Indonesia Provisions
2015 2016 2017
+23.7% CAGR
RM ’mil
CIMB Ranked No.1 for 7 consecutive years in ASEAN local currency bonds and 13 years for Malaysian Ringgit Bonds
Productivity
RM ’mil RM ’mil
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FY16 FY17
FY17 PBT Growth by Key Divisions
Consumer Banking Commercial Banking Group Funding Wholesale Banking Group Asset Management & Investments +11.8%
+50.5% +53.0%
+1.8% +18.9% +428.6% +12.3% +12.2% +32.5% +13.8% +33.1%
PBT Y-o-Y PBT Q-o-Q PPOP Y-o-Y
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FY17* FY17* PBT Y-o-Y Growth by Key Countries
FY16*
Notes: * Excluding HQ costs, which mainly comprise of funding costs
+10.7% +48.5% +46.9% +22.0% +18.2%
+15.1% +5.5% +34.1% +>1,000%
+4.7%
PBT Y-o-Y PBT Q-o-Q PPOP Y-o-Y
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FY17 FY17 Target ROE 9.6% 9.5% Dividend Payout Ratio 51% 40% - 60% Total Loans Growth * 0.2% 7.0% Loan Loss Charge 0.69% 0.60% - 0.65% CET 1 (CIMB Group) 12.2% >11.5% Cost to income 51.8% <53.0%
Notes: * Excluding bad bank
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*RM ’bil
Notes: FY15: 1Q15 Excluding IB restructuring cost (RM202 mil) 2Q15 Excluding MY MSS cost (RM316 mil) and tax on MY MSS (RM79 mil ) 3Q15 Excluding ID MSS cost (RM134 mil) and tax and MI on ID MSS (RM36 mil) 4Q15: ID MSS cost (RM32mil) and tax on ID MSS (RM8 mil) FY14: 4Q14 Excluding gains from sale of Karawaci building (RM66 mil), gains from sale of Insurance Brokers (RM61 mil), IB goodwill impairment (RM128 mil) and DTA reversal (RM51 mil) FY13: 1Q13 Excluding gains from sale of CIMB Aviva (RM515 mil), restructuring charges (RM217 mil) and tax impact (RM54 mil)
Average BAU ROE from 2013 – 2017 10.0%
Private Placement
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(RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 12,207 11,263 8.4% 2,994 3,049 (1.8%) Non interest income 5,419 4,802 12.8% 1,521 1,374 10.7% Operating income 17,626 16,065 9.7% 4,515 4,423 2.1% Overhead expenses (9,133) (8,651) 5.6% (2,307) (2,267) 1.8% PPOP 8,493 7,414 14.6% 2,208 2,156 2.4% Loan impairment (2,231) (2,409) (7.4%) (579) (595) (2.7%) Other provisions (165) (236) (30.1%) (98) (35) 180.0% Share of JV / Associates 13 115 (88.7%) 4 2 100.0% PBT 6,110 4,884 25.1% 1,535 1,528 0.5% Net profit 4,475 3,564 25.6% 1,060 1,132 (6.4%) EPS (sen) 49.6 41.0 21.0% 11.6 12.5 (7.2%) ROE (Annualised) 9.6% 8.3% 130bps 8.8% 9.5% (70bps)
Note: ^ Including gain on sale of Sun Life in 3Q16 (RM150mil)
^
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(%) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q ROE ~ 9.6 8.3 8.8 9.5 NIM ~** 2.63 2.63 2.53 2.60 Non-interest income / total income 30.7 29.9 33.7 31.1 Cost to income 51.8 53.9 51.1 51.3 Allowance coverage # 70.5 79.8 70.5 72.4 Loan loss charge ~ 0.69 0.74 0.71 0.73 Gross impaired loans ratio 3.4 3.3 3.4 3.5 Net impaired loans ratio (Net of IA and PA) 1.0 0.7 1.0 1.0 Average shareholders’ funds (RM ’mil) 46,777 43,170 48,145 47,595 ROA ~ 0.90 0.75 0.85 0.91 Book value per share (RM) 5.23 5.11 5.23 5.31 Loan to Deposit (LDR) 90.8 95.6 90.8 92.0 CASA ratio 35.0 35.7 35.0 35.5
Notes: ~ Annualised ** Daily Average ^ Including gain on sale of Sun Life in 3Q16 (RM150 mil) # Including regulatory reserve, allowance coverage was 84.1% as at end-Dec2017
^
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JAW (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Personnel 5,254 4,821 9.0% 1,336 1,314 1.7% Establishment 2,130 2,108 1.0% 479 546 (12.3%) Marketing 302 311 (2.9%) 90 63 42.9% Admin & General 1,447 1,411 2.6% 402 344 16.9% Total 9,133 8,651 5.6% 2,307 2,267 1.8% Cost to income 51.8% 53.9% (210bps) 51.1% 51.3% (20bps) CI Ratio
2013 (BAU) 2015 (BAU) 2017 2014 (BAU) 2016 2013 (BAU) 2015 (BAU) 2017 2014 (BAU) 2016
* ^ ~
Notes: *FY15: 1Q15 Excluding IB restructuring cost (RM202 mil) 2Q15 Excluding MY MSS cost (RM316 mil) 3Q15 Excluding ID MSS cost (RM134 mil) 4Q15: ID MSS cost (RM32mil) ~FY14: 4Q14 Excluding gains from sale of Karawaci building (RM66 mil) and gains from sale of Insurance Brokers (RM61 mil) ^FY13: 1Q13 Excluding gains from sale of CIMB Aviva (RM515 mil) and restructuring charges (RM217 mil)
* ^ ~
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Loans by Country as at 31 Dec 17 #
Divisions / Products (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Consumer Banking (52.2%) 167.6 161.1 4.0% 166.1 0.9% Mortgages 86.7 80.2 8.1% 85.8 1.0% Term Loans 35.7 36.2 (1.4%) 35.4 0.8% Auto 19.4 19.7 (1.5%) 19.5 (0.5%) Credit Cards 9.5 9.8 (3.1%) 9.4 1.1% Personal Financing 4.6 4.9 (6.1%) 4.8 (4.2%) Enterprise 8.8 7.8 12.8% 8.4 4.8% Others 2.9 2.5 16.0% 2.8 3.6% Commercial Banking (13.3%) 43.0 41.7 3.1% 43.0
110.7 117.7 (5.9%) 113.6 (2.6%) Gross Loans excl bad bank* 321.3 320.5 0.2% 322.7 (0.4%) Bad Bank 2.9 3.2 (9.4%) 3.1 (6.5%) Total Gross Loans 324.2 323.7 0.2% 325.8 (0.5%)
Notes: * Excluding FX fluctuations, total gross loans grew 3.1% Y-o-Y and 1.1% Q-o-Q + Gross loans exclude bad bank # Based on geographical location of counterparty, excluding bad bank ^ In local currency ~ Excluding FX fluctuations ** Including Labuan, London, Cambodia, Hong Kong & Shanghai
Loans Growth*+ Y-o-Y Malaysia 6.5% Indonesia ^ 2.8% Thailand ^ 2.9% Singapore ^ (2.7%) Others** (11.8%) Group ~ 3.1%
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Deposits by Country as at 31 Dec 17
Notes: * Excluding FX fluctuations, total group deposits +8.0%Y-o-Y and +2.2% Q-o-Q ^ In local currency ~ Excluding FX fluctuations # Including deposits with options classified as derivatives in MY & SG ** Including Labuan, London, Cambodia, Hong Kong & Shanghai
Divisions / Products (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Consumer Banking (46.2%) 164.8 151.0 9.1% 166.4 (1.0%) Commercial Banking (12.8%) 45.8 45.4 0.9% 45.3 1.1% Wholesale Banking # (41.0%) 146.4 142.1 3.0% 142.3 2.9% Total * 357.0 338.5 5.5% 354.0 0.8% Deposits Growth Y-o-Y Malaysia 12.4% Indonesia ^ 4.8% Thailand ^ (3.4%) Singapore ^ 2.5% Others** (4.8%) Group ~ 8.0%
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CASA by Country as at 31 Dec 17
Country (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia 68.6 63.1 8.7% 67.2 2.1% Indonesia ** 29.8 30.7 (2.9%) 31.3 (4.8%) Thailand 7.7 10.6 (27.4%) 8.4 (8.3%) Singapore 16.4 14.1 16.3% 16.0 2.5% Others 2.4 2.3 4.3% 2.7 (11.1%) Total * 124.9 120.8 3.4% 125.6 (0.6%) CASA Growth Y-o-Y Malaysia 8.7% Indonesia ^ 8.3% Thailand ^ (27.3%) Singapore ^ 18.6% Group ~ 6.8%
Notes: * Excluding FX fluctuations, total CASA grew 6.8% Y-o-Y and 1.1% Q-o-Q ** Adjusted for high cost saving deposits classified as Structured Deposits ^ In local currency ~ Excluding FX fluctuations + Including Labuan, London, Cambodia, Hong Kong & Shanghai
+
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Leverage Ratio (times) Double Leverage Ratio LCR CIMB Bank Global CIMB Islamic CIMB Niaga CIMB Thai
15.1 15.3 14.8 14.6 14.4 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 20.9% 23.0% 20.54% 20.5% 24.3% Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 113.0% 114.7% 112.7% 112.8% 111.3% Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Capital Ratios CET1 Tier 1 Total Capital
16.3% 16.4% 16.8% 16.6% 16.5% 12.9% 13.0% 13.4% 13.5% 13.6% 11.3% 11.5% 11.9% 12.0% 12.2% Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
Gearing Ratio
* ^ ^ ~
Notes: * Post CIMBGH’s FY16 Second Interim Dividend & the actual corresponding DRS (81.8% take-up rate); and projected reinvestment of cash dividend surplus into CIMB Bank ^ Post CIMBGH’s Proposed FY17 First Interim Dividend of RM1,177 mil & assumed corresponding DRS take-up rate of 82.2% ~ Post CIMBGH’s FY17 Second Interim Dividend & the projected corresponding DRS (80.0% take-up rate); and reinvestment of cash dividend surplus into CIMB Bank
* ^ ~ ^ * * * ^ ^ ~ * * ^ ^ ~ * #
Notes: # Includes CIMB Bank Domestic, CIMB Singapore, CIMB Labuan Offshore, CIMB London, CIMB Hong Kong, CIMB Shanghai and CIMB Labuan Ltd
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(RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 5,842 5,418 7.8% 1,429 1,485 (3.8%) Non interest income 2,059 1,833 12.3% 536 547 (2.0%) Operating income 7,901 7,251 9.0% 1,965 2,032 (3.3%) Overhead expenses (4,393) (4,126) 6.5% (1,121) (1,117) 0.4% PPOP 3,508 3,125 12.3% 844 915 (7.8%) (Provisions) / Writeback (946) (831) 13.8% (194) (197) (1.5%) Share of JV / Associates 5 2 150.0% 2 1 100.0% PBT 2,567 2,296 11.8% 652 719 (9.3%) PBT by Country FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Malaysia (RM ‘mil) 2,003 1,771 13.1% 478 536 (10.8%) Indonesia (IDR ‘bil) 625 1,094 (42.9%) 297 225 32.0% Thailand (THB ‘mil) 2,036 979 108.0% 428 627 (31.7%) Singapore (SGD ‘mil) 28 19 47.4% 7 8 (12.5%) Others * (RM ‘mil) 18 13 38.5% 5 5
2,567 2,296 11.8% 652 719 (9.3%)
Note: * Including Labuan, London, Cambodia, Hong Kong & Shanghai
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31 Dec 17 31 Dec 16
Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 130.1 121.1 7.4% 126.8 2.6% Indonesia (IDR ‘bil) 48,635 52,130 (6.7%) 49,599 (1.9%) Thailand (THB ‘bil) 110.9 102.9 7.8% 111.0 (0.1%) Singapore (SGD ‘mil) 2,768 2,923 (5.3%) 2,856 (3.1%) Others * (RM ‘bil) 0.7 0.6 16.7% 0.7
167.6 161.1 4.0% 166.1 0.9%
Notes: Loan base excludes bad bank * Including Labuan, London, Cambodia, Hong Kong & Shanghai
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Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 103.3 89.3 15.7% 102.0 1.3% Indonesia (IDR ‘bil) 95,772 93,677 2.2% 96,571 (0.8%) Thailand (THB ‘bil) 99.2 105.6 (6.1%) 104.3 (4.9%) Singapore (SGD ‘mil) 6,673 5,648 18.1% 6,645 0.4% Others * (RM ‘bil) 1.2 0.9 33.3% 1.2
164.8 151.0 9.1% 166.4 (1.0%) Products (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Current 30.6 27.9 9.7% 29.4 4.1% Savings 40.9 41.3 (1.0%) 42.9 (4.7%) Fixed and Structured Deposits 93.3 81.8 14.1% 94.1 (0.9%) Total 164.8 151.0 9.1% 166.4 (1.0%)
Note: * Including Labuan, London, Cambodia, Hong Kong & Shanghai
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(RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 1,767 1,685 4.9% 442 433 2.1% Non interest income 416 338 23.1% 102 96 6.3% Operating income 2,183 2,023 7.9% 544 529 2.8% Overhead expenses (1,155) (1,107) 4.3% (282) (285) (1.1%) PPOP 1,028 916 12.2% 262 244 7.4% (Provisions) / Writeback (792) (628) 26.1% (304) (212) 43.4% Share of JV / Associates
236 288 (18.1%) (42) 32 (231.3%) Country FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Malaysia (RM ‘mil) 494 483 2.3% 124 123 0.8% Indonesia (IDR ‘bil) 212 228 (7.0%) (61) 145 (142.1%) Thailand (THB ‘mil) (2,297) (2,333) 1.5% (973) (873) (11.5%) Singapore (SGD ‘mil) (20) (4) (400.0%) (10) (10)
27 19 42.1% 8 6 33.3% PBT (RM ‘mil) 236 288 (18.1%) (42) 32 (231.3%)
Note: * Including Labuan, London, Cambodia, Hong Kong & Shanghai
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Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 17.8 16.1 10.6% 17.1 4.1% Indonesia (IDR ‘bil) 34,986 33,803 3.5% 34,684 0.9% Thailand (THB ‘bil) 36.8 41.3 (10.9%) 37.2 (1.1%) Singapore (SGD ‘mil) 2,931 2,588 13.3% 2,880 1.8% Others * (RM ‘bil) 1.0 0.9 11.1% 1.0
43.0 41.7 3.1% 43.0
* Including Labuan, London, Cambodia, Hong Kong & Shanghai
31 Dec 16 31 Dec 17
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Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 21.8 18.4 18.5% 20.9 4.3% Indonesia (IDR ‘bil) 37,715 34,319 9.9% 36,072 4.6% Thailand (THB ‘bil) 15.7 13.1 19.8% 14.3 9.8% Singapore (SGD ‘mil) 3,252 4,323 (24.8%) 3,392 (4.1%) Others * (RM ‘bil) 0.9 0.5 80.0% 0.7 28.6% Total Commercial Deposits (RM ‘bil) 45.8 45.4 0.9% 45.3 1.1% Products (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Current 21.3 18.8 13.3% 20.0 6.5% Savings 1.3 1.0 30.0% 1.2 8.3% Fixed and Structured Deposits 23.2 25.6 (9.4%) 24.1 (3.7%) Total 45.8 45.4 0.9% 45.3 1.1%
Note: * Including Labuan, London, Cambodia, Hong Kong & Shanghai
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Industry ASEAN ECM
USD ‘mil
Industry ASEAN M&A
USD ‘bil
Industry ASEAN DCM
USD ‘bil
Industry ASEAN IPO
USD ‘mil
Sources: Bloomberg and Dealogic
+29.3% Y-o-Y +75.4% Y-o-Y
+22.7% Y-o-Y
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(RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Corporate Banking (61.7%) 1,585 984 61.1% 459 345 33.0% Treasury & Markets~ (32.8%) 841 651 29.2% 183 212 (13.7%) Investment Banking + (5.5%) 141 43 227.9% 80 50 60.0% PBT 2,567 1,678 53.0% 722 607 18.9%
Notes: ~ Including treasury operations, markets and transaction banking + Including advisory, equities, capital markets, private banking and research
(RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 3,659 3,435 6.5% 901 901
2,299 1,980 16.1% 699 564 23.9% Total Income 5,958 5,415 10.0% 1,600 1,465 9.2% Overhead expenses (2,826) (2,664) 6.1% (747) (673) 11.0% PPOP 3,132 2,751 13.8% 853 792 7.7% (Provisions) / Writeback (565) (1,073) (47.3%) (131) (185) (29.2%) Share of JV / associates
2,567 1,678 53.0% 722 607 18.9%
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(RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 2,576 2,422 6.4% 643 639 0.6% Non interest income 541 673 (19.6%) 173 124 39.5% Operating income 3,117 3,095 0.7% 816 763 6.9% Overhead expenses (1,027) (1,064) (3.5%) (266) (236) 12.7% PPOP 2,090 2,031 2.9% 550 527 4.4% (Provisions) / Writeback (505) (1,047) (51.8%) (91) (182) (50.0%) PBT 1,585 984 61.1% 459 345 33.0% Country FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Malaysia (RM ‘mil) 743 810 (8.3%) 201 173 16.2% Indonesia (IDR ‘bil) 706 (1,046) 167.5% 390 12 >1000% Thailand (THB ‘mil) 489 (298) 264.1% 103 228 (54.8%) Singapore (SGD ‘mil) 64 64 0.0% 14 15 (6.7%) Others * (RM ‘mil) 354 342 3.5% 77 95 (18.9%) PBT (RM ‘mil) 1,585 984 61.1% 459 345 33.0%
Note: * Including Labuan, London, Cambodia and Hong Kong & Shanghai
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Corporate Loans as at 31 Dec 17 Corporate Loans as at 31 Dec 16
Notes: Loan base excludes bad bank * Including Labuan, London, Cambodia, Hong Kong & Shanghai
Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 36.0 36.7 (1.9%) 35.6 1.1% Indonesia (IDR ‘bil) 101,514 94,231 7.7% 94,521 7.4% Thailand (THB ‘bil) 57.9 55.7 3.9% 52.3 10.7% Singapore (SGD ‘mil) 5,300 5,784 (8.4%) 5,654 (6.3%) Others * (RM ‘bil) 14.4 19.1 (24.6%) 16.4 (12.2%) Total Corporate Loans (RM ‘bil) 104.7 114.0 (8.2%) 106.4 (1.6%) Other Wholesale Loans (RM ‘bil) 6.0 3.7 62.2% 7.2 (16.7%) Total Wholesale Loans (RM ‘bil) 110.7 117.7 (5.9%) 113.6 (2.6%)
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Country 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Malaysia (RM ‘bil) 68.2 57.7 18.2% 65.4 4.3% Indonesia (IDR ‘bil) 55,830 52,575 6.2% 54,604 2.2% Thailand (THB ‘bil) 62.5 65.0 (3.8%) 55.7 12.2% Singapore (SGD ‘mil) 1,668 1,499 11.3% 1,093 52.6% Others * (RM ‘bil) 8.4 10.9 (22.9%) 8.9 (5.6%) Total Corporate Deposits (RM ‘bil) 98.3 93.0 5.7% 94.3 4.2% Other Wholesale Deposits (RM ‘bil) 48.1 49.1 (2.0%) 48.0 0.2% Total Wholesale Deposits (RM ‘bil) 146.4 142.1 3.0% 142.3 2.9%
Note: * Including Labuan, London, Cambodia and Hong Kong & Shanghai
Wholesale Deposits (RM ‘bil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Current 24.3 24.1 0.8% 25.3 (4.0%) Savings 1.8 4.1 (56.1%) 1.5 20.0% Fixed and Structured Deposits 72.2 64.8 11.4% 67.5 7.0% Total Corporate Deposits (RM ‘bil) 98.3 93.0 5.7% 94.3 4.2% Other Wholesale Deposits (RM ‘bil) 48.1 49.1 (2.0%) 48.0 0.2% Total Wholesale Deposits (RM ‘bil) 146.4 142.1 3.0% 142.3 2.9%
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Country FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Malaysia (RM ‘mil) 187 (150) 224.7% 34 20 70.0% Indonesia (IDR ‘bil) 725 706 2.7% 219 178 23.0% Thailand (THB ‘mil) 387 570 (32.1%) 143 133 7.5% Singapore (SGD ‘mil) 15 16 (6.3%) (5) 6 (183.3%) Others * (RM ‘mil) 324 465 (30.3%) 76 100 (24.0%) PBT (RM ‘mil) 841 651 29.2% 183 212 (13.7%) (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 841 775 8.5% 198 201 (1.5%) Non interest income 818 475 72.2% 204 213 (4.2%) Operating income 1,659 1,250 32.7% 402 414 (2.9%) Overhead expenses (796) (600) 32.7% (209) (200) 4.5% PPOP 863 650 32.8% 193 214 (9.8%) (Provisions) / Writeback (22) 1 >1000.0% (10) (2) 400.0% PBT 841 651 29.2% 183 212 (13.7%)
Note: * Including Labuan, London, Cambodia and Hong Kong & Shanghai
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Country FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Malaysia (RM ‘mil) 193 163 18.4% 109 46 137.0% Indonesia (IDR ‘bil) 121 111 9.0% 29 40 (27.5%) Thailand (THB ‘mil) 87 112 (22.3%) 40 (40) 200.0% Singapore (SGD ‘mil) (12) (18) 33.3% (2) (2)
59 (125) 147.2% 16 73 (78.1%) PBT (RM ‘mil) 141 43 227.9% 80 50 60.0%
(RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 242 238 1.7% 60 61 (1.6%) Non interest income 940 832 13.0% 322 227 41.9% Operating income 1,182 1,070 10.5% 382 288 32.6% Overhead expenses (1,003) (1,000) 0.3% (272) (237) 14.8% PPOP 179 70 155.7% 110 51 115.7% (Provisions) / Writeback (38) (27) 40.7% (30) (1) >1000% Share of JV/Associates
141 43 227.9% 80 50 60.0%
Note: * Including Labuan, London, Cambodia and Hong Kong & Shanghai
35
FY17 FY16 Market Share Rank Market Share Rank Cash Equities
9.9% 2 10.4% 2
IPO
19.0% 1 26.9% 1
ECM
33.2% 1 20.6% 2
M&A
4.3% 2 8.9% 2
Syndication ^
7.3% 4 10.5% 3
DCM Domestic Sukuk
28.6% 28.2% 1 2 26.4% 22.8% 1 2
FY17 FY16 Market Share Rank Market Share Rank Cash Equities
4.2% 3 4.2% 3
IPO
10.3% 3
4.8% 9 1.1% 12
M&A
1.6% 7
3.4% 8
2.7% 11 DCM
10.3% 4 8.6% 6
FY17 FY16 Market Share Rank Market Share Rank Cash Equities
5.5% 3 6.0% 2
IPO
7.5% 6 5.1% 8
ECM
6.4% 7 3.9% 10
M&A
20.8% 3 0.04% 31
Syndication ^
9.7% 6 10.1% 6
FY17 FY16 Market Share Rank Market Share Rank Cash Equities
7.7% 3 8.2% 2
IPO
0.8% 18 1.2% 11
ECM
0.9% 18 1.1% 18
M&A
1.1% 24 0.5% 31
Syndication ^
0.4% 42 0.6% 35
DCM
1.2% 10 4.1% 5
Sources: Dealogic, Bloomberg, Local Stock Exchanges and internal data Note: ^ Mandated lead arranger
36
FY17 FY16 Market Share Rank Market Share Rank Cash Equities
0.2% 84 0.3% 55
IPO
0.1% 75 0.4% 36
ECM
0.1% 90 0.6% 37
M&A
0.2% 56 0.2% 55
Syndication ^
FY17 FY16 Market Share Rank Market Share Rank Sukuk
11.6% 2 12.8% 1
ASEAN FY17 FY16 Market Share Rank Market Share Rank Cash Equities
6.3% 2 6.6% 2
IPO
6.2% 1 3.0% 11
ECM
9.6% 1 5.6% 5
M&A
3.1% 17 1.6% 30
Syndication ^
1.8% 14 1.9% 16
DCM
14.1% 1 13.1% 1
Sources: Dealogic, Bloomberg, Local Stock Exchanges and internal data Notes: ^ Mandated lead arranger * Excluding A-Share
Asia (ex-Japan) * FY17 FY16 Market Share Rank Market Share Rank IPO
1.5% 28 0.7% 43
ECM
1.5% 16 1.2% 26
EQL Products
13
M&A
0.6% 42 0.4% 56
Syndication ^
0.4% 54 0.4% 54
DCM
1.0% 29 0.9% 35
38
Private Markets AUM/CV
RM ‘mil
Public Markets AUM
RM ‘mil
PBT (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Public Markets 138 105 31.4% 42 31 35.5% Private Markets (6) 113 (105.3%) (5) (24) 79.2% Direct Investments & Others (21) 115 (118.3%) (7) (25) 72.0% Private Equity Fund Management 16 34 (52.9%) 1 2 (50.0%) Passive Fund Investments (1) (36) 97.2% 1 (1) 200.0% PBT 132 218 (39.4%) 37 7 428.6% +9.7% Y-o-Y +2.8% Q-o-Q
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(RM ’mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 909 687 32.3% 214 222 (3.6%) Non interest income 154 207 (25.6%) 29 54 (46.3%) Total Income 1,063 894 18.9% 243 276 (12.0%) Overhead expenses (455) (435) 4.6% (78) (113) (31.0%) PPOP 608 459 32.5% 165 163 1.2% (Provisions) / Writeback
(100.0%) 1
Share of JV / associates
608 404 50.5% 166 163 1.8%
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(RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net financing income 1,542 1,296 19.0% 409 392 4.3% Non financing income 524 380 37.9% 185 117 58.1% Operating income 2,066 1,676 23.3% 594 509 16.7% Overhead expenses (695) (616) 12.8% (180) (176) 2.3% PPOP 1,371 1,060 29.3% 414 333 24.3% (Provisions) / Writeback (171) (75) 128.0% (67) (32) 109.4% Share of JV / Associates 3 3
PBT 1,203 988 21.8% 348 301 15.6% (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Consumer Banking (35.1%) 423 401 5.5% 122 122
109 84 29.8% 19 15 26.7% Wholesale Banking (44.0%) 529 407 30.0% 170 138 23.2% GAMI ** (5.3%) 64 51 25.5% 17 15 13.3% Group Funding # (6.5%) 78 45 73.3% 20 11 81.8% PBT 1,203 988 21.8% 348 301 15.6%
Notes: ** Including asset management and strategic investments # Including capital investments in fixed income securities and investment in Group’s proprietary capital
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Islamic Residential Mortgages
RM ‘mil
Islamic Financing and Deposits
RM ‘bil
+12.8% CAGR +20.0% Y-o-Y Ranking of Total Islamic Assets as at 30 Sep 2017 Rank Company Total Assets RM ’mil Market Share 1 Maybank Islamic 191,585 31% 2 CIMB Islamic 77,212 12% 3 RHB Islam 59,265 9% 4 PBB-I 55,917 9% 5 Bank Islam 52,407 8% Sukuk FY17 FY16 Market Share Rank Market Share Rank Malaysia 28.2% 2 22.8% 2 Global 11.6% 2 12.8% 1 +21.9% Y-o-Y +22.9% Y-o-Y +13.0% CAGR +13.9% CAGR
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58.1% 55.4% 55.4% 53.9% 57.4% 53.6% 53.2% 51.7% 52.6% 52.3% 51.3% 51.1% 8.2% 9.0% 9.1% 8.4% 7.9% 8.4% 9.5% 7.7% 10.3% 9.4% 9.5% 8.8% 57% 56% 57% 55% 60% 58% 55% 57% 57% 58% 58% 56% 1Q15* 2Q15* 3Q15* 4Q15* 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17
Highlights
Income Contribution From Consumer & Commercial ROE^ Cost-to- Income CET1
CI ratio improving within expectations Capital and RWA
met T18 target On track to meet target 60% 10.5-11% 50% 12%
T18 Targets T18 Financial Progress
Note: *based on BAU numbers ^Annualised
2015 2016 2017
10.0% 9.7% 9.3% 10.4% 10.6% 10.7% 10.9% 11.3% 11.5% 11.9% 12.0% 12.2%
On track to meet target
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Commercial Banking CI Ratio Consumer Banking CI Ratio Wholesale Banking CI Ratio CIMB Group JAW Ratio
Overheads (RM ‘mil)
4,126 4,393 1,107 1,155 2,664 2,826 Y-o-Y 6.5% Y-o-Y 4.3% Y-o-Y 6.1%
Multi prong focus to improve efficiency including:
JAWs continue to show improvement
RM ‘mil RM ‘mil RM ‘mil
FY14 (BAU) FY15 (BAU) FY16 FY17
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SG TH ID MY
Strong momentum for various digital initiatives
Overall strong revenue uplift performance for Digital Sales Enablement across MY, ID, TH and SG Digital Sales Enablement Revenue
+463.6% Y-o-Y
RM ‘mil
Fintech
Digital Bank Vietnam the first country to launch the digital attacker bank Regional expansion of the digital bank to follow Limited branches Faster Time-to- market Differentiated
Rationale for Digital Attacker Bank Focus Area for 2018 Digital Attacker - launch Vietnam & the Philippines AI - onboard partner solution for digital attacker Roboadvisor - Robo partner for CPAM Blockchain - experiment with partner Cybersecurity - trade surveillance solution Chatbot - onboarding chatbot Commercial Banking - digital strategy & alternative credit scoring Big Data - hybrid cloud platform for experiments Ecosystem - build ecosystem in Malaysia +133.5% Y-o-Y +200.9% Y-o-Y +>1000.0% Y-o-Y
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Transaction Banking HR Initiatives
New product launches
products
country
compliant online savings in the country
Islamic Banking 2.0
Successful partnership with Alipay - the highest transaction value processed in the banking industry Continuous focus on product innovation and drive towards digitalisation as our value proposition Securities - Captured new clients and a stronger growth in custody fee income Cash - CA balance growth three times faster YoY, along with the continuous growth BizChannel Customers (+42.3% YoY) Trade: Strong growth in trade loans (+29.5% YoY) MY – 82% auto finance credit decision done within the same day MY – Improvement in commercial loan cycle by 39%, specifically from application to issuance of letter offer ID - 80% of Trade Finance Letter Credit issued within 5 hours ID - Improvement in mortgage loan booking volume by 101% from shortened approval time cycle SG - 64% reduction in turnaround time of Credit Card application, approval within 5 days
Customer Experience
CIMB Group is now part of Willis Towers Watson's Global Benchmark in employee engagement Improvement in workforce productivity leading to better personnel costs to income ratio of 29.8% in 2017 from 30% in 2016 and 31% in 2015 Introduced a number of progressive Flexible Workplace Arrangements (FWA), such as Flex4Parents, Reduced Workweek and one month paternity leave for first time fathers Continued emphasis on building a compliance culture
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Strengthening CIMB’s regional proposition and capturing long term growth opportunities in high potential emerging economies
Vietnam Philippines On 16 Nov 2017, BSP approved CIMB’s application to establish a branch in Philippines with a commercial banking license Key activities to establish CIMB Philippines
100%-owned banking subsidiary fully established Launched Digital Attacker to closed user group in Dec-17 Obtained Branch Operation approval for Ho Chi Minh City in Jan-18
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Completed sale of 50% of CSI on 18 Jan 2018 to China Galaxy Securities for c.SGD167 million (c.RM500 million) Estimated gain on disposal of RM150 million to be recognised in 2018 Estimated uplift to CET1 of around 10bps and CIR of >100bps Signed conditional SPA for the proposed acquisition of Jupiter Securities on 6 Sep 2017 Jupiter to be platform for CIMB Securities Malaysia business The regulatory process is still on-going. Expected completion date mid-2018
CIMB Securities International Pte Ltd ("CSI") Malaysia
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Touch ‘n Go, 52.22% subsidiary of CIMB, entered into a JV with Alipay Singapore, a subsidiary of Ant Financial Services Group, to
Malaysia The new mobile e-wallet is expected to be launched in 2Q18 Signed agreements with Principal Financial Group (PFG) to increase PFG's stake in CIMB Principal Asset Management and CIMB Principal Islamic Asset Management to 60% with CIMB retaining 40% ownership in both entities The transaction is expected to be completed in the 2Q18 Expected to recognise a gain on disposal of c.RM950 million and estimated 18 bps uplift to CET1
CIMB Foundation
Let’s Save and Share (Ayo Menabung Dan Berbagi) Participation of approx. 6,720 students from elementary schools, junior and senior high schools
Regional CSR
Music therapy room at SK Khir Johari, Kedah Set-up a therapy and learning centre cater for 26 special needs children and will be benefiting the nearby schools
Community Education
ICT Programme and library at Bann Sum Par Hun School in Googaew District, Udonthani Set-up a computers and internet centre to improve IT literacy skills amongst the school pupils
Donation
Note: * Including CIMB Islamic, CIMB Bank, Indonesia, Thailand and others
Tour De Bank in Semarang, North Java Interactive basic financial literacy in banking for 232 pupils from primary schools (SD) Edible Garden for schools in Perlis and Terengganu Selection of the best garden amongst 9 schools in Kangar, Perlis and Kuala Terengganu, Terengganu 9th ASEAN Para Games 2017 Our players in 5-A-Side Football defended a bronze, and our wheelchair basketball team received 2 silver medals from this tournament Let’s Light Up Our Children’s Future RM100,000 contributed to bring 40,000 student- volunteers from higher education institutions to help 50 underprivileged children Million Books Program (in conjunction with CIMB Niaga’s 62nd Anniversary) Contributed 18,042 books and Rp27,256,655 to Gerakan Sedekah Buku Indonesia through this programme ‘Be$mart’ Financial Literacy Programme 4,671 students from 59 universities and colleges have benefitted from this programme
Grants Disbursed as at Dec 2017
Non-CIMB Foundation* RM 6,115,482 CIMB Foundation RM 7,592,083
Sports
Implementing Pre-school education to rural communities at Long Jaik, Sarawak Provide early childhood education to 60 children who live in one of the remote areas of Sarawak Australia Squash Open 2017 Our players, Ng Eain Yow emerged men’s champion, whilst Sivasangari won women’s runners-up Launch of Mulberry Silk Project at Bann Nong Muang Wann School, Huey Talang District, Nakhonn Ratchasima Province
Education 33% Community Development 38% Donation 7% Sports 22% Donation 57% Education 35% Others 5% Community Development 3%
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“Let’s Save and Share” for 4 schools in Semarang, Indonesia Launch of CIMB Mozek Camp at Pasir Gudang, Johor CIMB Foundation 10th Anniversary ICT programme and library at Bann Sum Par Hun, Thailand CIMB Young ASEAN Leaders 2017 Launch of CIMB Foundation – Junior Cycling Malaysia
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Bigger spend Commitment to allocate up to 1%
next 3 years for regional CSR
about RM65-75 million in 2018 Flex4CSR Offering up to 1 month paid leave for employees to work on CSR activities Sports Launched Junior Cycling Malaysia in partnership with Majlis Sukan Negara to continuously nurture young talents in sports Continuous efforts to develop youth in other sports programs, to emulate the success of the junior squash development program Diversity and Inclusion - CIMB Mozek School holiday camps in collaboration with Teach For Malaysia (TFM), for children from national, vernacular and religious schools to foster unity and provide an opportunity for exposure to different cultures at an early age
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FY18 ROE 10.5% Dividend Payout Ratio 40% - 60% Total Loans Growth * 6.0% Loan Loss Charge 0.55% - 0.60% CET 1 (CIMB Group) 12.0% Cost to income 50.0%
Note: *Excluding bad bank
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Optimistic about 2018 with continued momentum in Malaysia. Further improvements in asset quality and loans growth across Indonesia, Thailand and Singapore On track to meet T18 targets 2018 focus areas include: Execution of digital strategy in new markets; Optimisation of partnerships – eg. China Galaxy, Sompo, Ant Financial; Intensification of data and digital initiatives; Recalibration of CIMB Thai and Commercial Banking division; and Further embed CX, risk and compliance culture Theme for 2018 is to further drive our T18 objectives and targets
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Y-o-Y Q-o-Q Consumer Gross Loans (6.7%) (1.9%) Mortgages 12.0% 1.9% Auto (41.1%) (14.0%) Credit cards (1.2%) 1.0% Consumer Deposits 2.2% (0.8%) CASA 5.3% (1.1%) Fixed & structured deposits (0.9%) (0.5%) Y-o-Y Q-o-Q Consumer Gross Loans (5.3%) (3.1%) Mortgages (6.1%) (4.3%) Term loans (14.4%) (6.5%) Credit cards (16.3%) (1.8%) Consumer Deposits 18.1% 0.4% CASA 14.7% (2.4%) Fixed & structured deposits 22.4% 3.9% Y-o-Y Q-o-Q Consumer Gross Loans * 7.4% 2.6% Mortgages 11.1% 2.9% Term loans 2.3% 2.3% Auto 2.9% 0.7% Credit cards 5.4% 5.4% Consumer Deposits 15.7% 1.3% CASA 7.4% 3.8% Fixed & structured deposits 21.8% (0.3%)
Note: * Loan base excludes bad bank
Y-o-Y Q-o-Q Consumer Gross Loans * 7.8% (0.1%) Mortgages 5.4% (1.6%) Auto Loans 16.8% 3.3% Personal / Others 3.1% 0.7% Consumer Deposits (6.1%) (4.9%) CASA (18.1%) (12.9%) Fixed & structured deposits 3.0% 0.7%
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(RM ‘mil) 31 Dec 17 31 Dec 16 Y-o-Y 30 Sep 17 Q-o-Q Cash & short term funds
41,668 26,710 56.0% 42,140 (1.1%)
Securities purchased under resale agreements
6,485 5,315 22.0% 5,580 16.2%
Deposits & placements with financial institutions
4,055 2,308 75.7% 6,133 (33.9%)
Financial assets held for trading
21,657 22,769 (4.9%) 23,161 (6.5%)
Money Market
14,828 17,181 (13.7%) 15,966 (7.1%)
Corporate Bonds
5,316 4,352 22.2% 5,700 (6.7%)
Equity
1,513 1,236 22.4% 1,495 1.2%
Financial investments available for sale
32,404 31,530 2.8% 29,983 8.1%
Financial investments held to maturity
36,921 30,381 21.5% 37,499 (1.5%)
Loans, advances & financing
316,557 315,373 0.4% 317,728 (0.4%)
Other assets
47,457 51,381 (7.6%) 45,978 3.2%
Total assets
507,204 485,767 4.4% 508,202 (0.2%)
Deposits from customers
348,518 331,518 5.1% 346,183 0.7%
Placement from investment accounts
908 254 257.5% 353 157.2%
Deposits & placements of banks and other FI
19,752 28,378 (30.4%) 25,672 (23.1%)
Other borrowings
37,348 30,645 21.9% 39,115 (4.5%)
Other liabilities
50,872 47,893 6.2% 47,008 8.2%
Total liabilities
457,398 438,688 4.3% 458,331 (0.2%)
Shareholders’ funds
48,245 45,308 6.5% 48,046 0.4%
Total liabilities & equity
507,204 485,767 4.4% 508,202 (0.2%)
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PBT (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Consumer Banking (42.0%) 2,567 2,296 11.8% 652 719 (9.3%) Commercial Banking (3.9%) 236 288 (18.1%) (42) 32 (231.3%) Wholesale Banking (42.0%) 2,567 1,678 53.0% 722 607 18.9% Corporate Banking (25.9%) 1,585 984 61.1% 459 345 33.0% Treasury & Markets ~ (13.8%) 841 651 29.2% 183 212 (13.7%) Investment Banking + (2.3%) 141 43 227.9% 80 50 60.0% GAMI ** (2.2%) 132 218 (39.4%) 37 7 428.6% Group Funding # (9.9%) 608 404 50.5% 166 163 1.8% PBT 6,110 4,884 25.1% 1,535 1,528 0.5%
Notes: ~ Including treasury operations, markets and transaction banking + Including advisory, equities, capital markets, private banking and research ** Including asset management and strategic investments # Including capital investments in fixed income securities and investment in Group’s proprietary capital
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PPOP (RM ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Consumer Banking (41.3%) 3,508 3,125 12.3% 844 915 (7.8%) Commercial Banking (12.1%) 1,028 916 12.2% 262 244 7.4% Wholesale Banking (36.9%) 3,132 2,751 13.8% 853 792 7.7% Corporate Banking (24.6%) 2,090 2,031 2.9% 550 527 4.4% Treasury & Markets ~ (10.2%) 863 650 32.8% 193 214 (9.8%) Investment Banking + (2.1%) 179 70 155.7% 110 51 115.7% GAMI ** (2.5%) 217 163 33.1% 84 42 100.0% Group Funding # (7.2%) 608 459 32.5% 165 163 1.2% PPOP 8,493 7,414 14.6% 2,208 2,156 2.4%
Notes: ~ Including treasury operations, markets and transaction banking + Including advisory, equities, capital markets, private banking and research ** Including asset management and strategic investments # Including capital investments in fixed income securities and investment in Group’s proprietary capital
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81.8% 83.6% 76.9% 75.6% 84.4% 84.4% 83.0% 80.0% 79.3% 79.0% 77.0% 71.7% 69.8% 82.7% 84.2% 77.9% 76.6% 84.7% 84.8% 83.5% 80.6% 79.8% 79.6% 77.6% 72.4% 70.5% 3.1% 3.2% 3.3% 3.4% 3.0% 3.0% 3.2% 3.2% 3.3% 3.2% 3.2% 3.5% 3.4% 2.8% 2.9% 3.1% 3.2% 2.9% 2.9% 3.0% 3.1% 3.2% 3.0% 3.1% 3.3% 3.3% 0.5% 0.5% 0.8% 0.8% 0.5% 0.5% 0.5% 0.6% 0.7% 0.7% 0.7% 1.0% 1.0% 0.5% 0.5% 0.7% 0.8% 0.5% 0.5% 0.5% 0.6% 0.7% 0.7% 0.7% 1.0% 1.0%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Allowance Coverage (excl SEASAM) Allowance Coverage Gross Impaired Loans Ratio Gross Impaired Loans Ratio (excl SEASAM) Net Impaired Loans Ratio (net of IA & PA) Net Impaired Loans Ratio (net of IA & PA) (excl SEASAM)
Dec-16 Mar-17 Jun-17 Sep-17 Dec-17
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Note: As per CIMB Niaga FY17 analyst presentation
(IDR ‘bil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 12,403 12,094 2.6% 3,034 3,040 (0.2%) Non interest income 3,353 3,098 8.2% 1,034 913 13.3% Operating income 15,756 15,192 3.7% 4,068 3,953 2.9% Overhead expenses (7,521) (7,368) 2.1% (1,932) (1,837) 5.2% PPOP 8,235 7,824 5.3% 2,136 2,116 0.9% Provisions (4,080) (4,973) (18.0%) (923) (1,029) (10.3%) PBT 4,155 2,851 45.7% 1,213 1,087 11.6% Net Profit 2,978 2,082 43.0% 781 817 (4.4%) EPS (IDR) 118.50 82.83 43.1% 31.08 32.50 (4.4%) PBT (RM ‘mil) 1,335 888 50.3% 376 349 7.7% Net profit (RM ‘mil) 957 649 47.5% 241 262 (8.0%) ROE (Annualised) 8.3% 6.5% 29.1% 8.5% 9.0% (6.4%)
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(Consolidated, %) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q ROE ^
8.3 6.5 8.5
9.0 NIM ^
5.60 5.64 5.20
5.50 Cost to Income
47.7 48.5 47.5
46.5 Loan Loss Coverage #
107.2 117.7 107.2
115.1 Allowance Coverage
77.5 86.1 77.5
85.5 Loan Loss Charge ^
2.2 2.6 2.0
2.3 Gross Impaired Loans Ratio
5.1 5.2 5.1
5.2 Gross NPL (BI Definition) #
3.8 3.9 3.8
4.0 Loan to Deposit (LDR)
96.2 98.4 96.2
94.0 CAR
18.6 18.0 18.6
19.0 CASA ratio
52.6 50.8 52.6
53.3
Notes: # Based on BI definition ^ Annualised and monthly average
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Before GAAP Adjustments (THB ‘mil) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q Net interest income 10,202 9,866 3.4% 2,598 2,627 (1.1%) Non interest income 2,952 3,062 (3.6%) 718 828 (13.3%) Operating income 13,155 12,928 1.8% 3,316 3,455 (4.0%) Overhead expenses (7,613) (7,424) 2.6% (2,181) (2,013) 8.3% PPOP 5,542 5,505 0.7% 1,135 1,442 (21.3%) Provisions (5,053) (6,279) (19.5%) (1,342) (1,335) 0.5% PBT 489 (775) 163.1% (207) 107 (293.5%) Net Profit 385 (630) 161.1% (169) 77 (319.5%) EPS (THB) 0.01 (0.03) (153.7%) (0.01)
Net Profit (RM ‘mil) ~ 48 (79) 160.8% (21) 10 (310.0%) PBT (RM ‘mil) * 99 (85) 216.5% (33) 2 (>1000%) Net profit (RM ‘mil) * 80 (64) 225.0% (27) (2) (>1000%) ROE (Annualised) 1.3% (2.3%) 360bps (2.0%) 0.9% (290bps)
Notes: ~ Local GAAP * After GAAP and FRS 139 adjustments
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(Consolidated, %) FY17 FY16 Y-o-Y 4Q17 3Q17 Q-o-Q ROE ^ 1.3 (2.3) (2.0) 0.9 NIM ^ 3.89 3.77 3.91 4.00 Cost to Income 57.9 57.4 65.8 58.3 Loan Loss Coverage ** 93.2 77.3 93.2 85.1 Loan Loss Charge ^ 2.4 3.1 2.5 2.6 Gross NPL ratio ** 4.8 6.1 4.8 5.7 Net NPL ratio ** 2.4 3.5 2.4 3.0 Loan to Deposit 119.0 111.9 119.0 118.9 Modified LDR *** 96.8 92.4 96.8 99.4 CAR * 16.6 15.6 16.6 17.4 CASA ratio # 34.7 46.1 34.7 37.9
Notes: * Bank Only ** Excluding STAMC *** (Loan + MM) / (Deposit + MM + BE + S/T debenture + structured debenture) ^ Annualised # Fixed deposit receipt call reclassified as savings from fixed deposits
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DCM
Southern Power Generation Sdn Bhd RM3.665 bil Sukuk Wakalah PR1MA Corporation Malaysia Islamic Medium Term Notes Programme of up to RM5.0 bil in nominal value irrevocably and unconditionally guaranteed by the Government
Murabahah via a Tawarruq arrangement (“GG Sukuk Murabahah Programme”) Quantum Solar Park Semenanjung Sdn Bhd MYR1.0 bil Green SRI Sukuk PT Sarana Multi Infrastruktur Persero IDR7.0 tril Senior Debt via 1st Shelf Registration Programme Phase 2 of IDR30.0 tril PT Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk IDR1.5 tril Senior Debt via 1st Shelf Registration Programme Phase 1 of IDR3.5 tril and IDR1.0 tril Subordinated Bond via 1st Shelf Registration Programme Phase 1 of IDR1.0 tril
Southern Power Generation
ECM
Khazanah Nasional Berhad Khazanah Nasional Berhad's RM555 million (USD132 million) CIMB Group Holdings Block Trade Malaysian Resources Corporation Berhad Malaysian Resources Corporation Berhad’s RM1.7 billion (USD409 million) Rights Issue with Free Warrants
M&A
Felda Global Ventures Holdings Berhad Disposal of 16% equity interest in AXA AFFIN General Insurance Berhad by Felda Marketing Services Sdn Bhd for RM224.4 mil UEM Edgenta Berhad Proposed disposal of 61.2% equity interest in Opus International Consultants Limited
DCM
Government Housing Bank THB22.3 bil Senior Unsecured Bonds
Khazanah Nasional Berhad Government Housing Bank